HAMILTON, BERMUDAMon Jan 23, 2006 —
Hamilton, Bermuda - January 23, 2006 - XL Capital Ltd (NYSE: XL) ("XL" or the "Company") intends to release its fourth quarter and year end 2005 financial results after the close of regular stock market hours on Tuesday, February 7, 2006. A conference call to discuss the Company's results will be held at 10:00 a.m. Eastern Time on Wednesday, February 8, 2006.The conference call can be accessed through a listen only dial-in number or through a live webcast. To listen to the conference call please dial 201-689- 8320, password XL208. The webcast will be available at www.xlgroup.com and will be archived on XL's website from approximately 1:00 p.m. Eastern Time on February 8, 2006 through midnight Eastern Time on March 8, 2006. A telephone replay of the conference call will also be available beginning at 1:00 p.m. Eastern Time on February 8, 2006 until 8:00 p.m. Eastern Time on February 15, 2006 by dialing 201-612-7415 (account number: 290 and conference I.D. number: 188545).XL Capital Ltd, through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. As of September 30, 2005, XL Capital Group Ltd had consolidated assets of approximately $54.9 billion and consolidated shareholders' equity of approximately $7.0 billion. More information about XL Capital Ltd is available at www.xlgroup.com.